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LSE CEO quits after management row

LSE CEO quits after management row

London Stock Exchange CEO Xavier Rolet is stepping down immediately and its chairman will not seek re-election, as the exchange tries to draw a line under a row with a top shareholder over management succession.

Mazen Kourouche, centre, was among the first to get the iPhone X at the Apple Store in Sydney in November. Photo: AAP

The most sought after products on eBay on Black Friday included Xbox One, Playstation 4, laptops, iPads, Nintendo Switch, headphones, and drones.

The Australian Retailers' Association executive director Russell Zimmerman said other spending in other categories increased year-on-year in November, including a 6.7 per cent boost for cafes and restaurants, and 2.1 per cent in clothing and accessories.

Clothing retailers such as ASOS and The Iconic tapped into their huge social media followings and email subscriber lists for the Black Friday sales, offering discounts as big as 30 per cent off almost every product.

Other popular online shopping destinations during Black Friday included Bonds, who offered a 'Buy two get one free' deal, while Cotton On had huge markdowns.

Some smaller retailers, like Melbourne's shoe company Radical Yes, issued their dedicated subscribers with codes to unlock online discounts.

Booktopia offered as much as 90 per cent off thousands of books for the Black Friday sales, as well as 25 per cent off bestsellers. The ARA had predicted physical and eBooks to be a driver of the $7 million "other retailing" category before Christmas.

The growth of delivery services, such as Deliveroo and Uber Eats, were behind a 4.4 per cent year-on-year increase in the restaurant and take-away sector in November, Mr Zimmerman said.